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Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
PLUS: The first half of 2023 has so far been very promising for the crypto majors.
- 01:58The NFT trading volume has dropped about 50% in the past week, among which "Pudgy Penguins" saw a decrease of 76.65% in its trading volumeAccording to Crypto.news, data from CryptoSlam shows that the NFT market has experienced a significant correction in the past week, with total transaction volume plummeting 49.77% to $152.7 million. Despite the sharp drop in trading volume, market participation indicators show continued interest from both new and old traders. The number of NFT buyers increased by 50.97%, reaching 531,208 people, while the number of NFT sellers grew by 47.14%, reaching 308,666 people. The Ethereum network's NFT transaction volume fell by 62% to $75.3 million. Despite this decrease in trading volume, there were still 63,054 buyers on this network - an increase of 42.91%. Bitcoin's NFT also showed a similar trend with its transaction volume falling by 30% to $28 million; however it saw strong user growth with buyer numbers reaching up to 59,311 - an increase of about 52.13%. Although Solana's network had a decline in its NFT transaction volumes (down by about58 .71%) at around $13 .9 million , it maintained third place position due to robust user engagement as evidenced by its buyer count which reached up to180 ,111- showing an increase of68 .43%. Pudgy Penguins' trade volumes plunged sharply down by76 .65%to$12 .6million.All metrics for this project declined: trade volumes decreased71 .82%;buyer participation dropped69 .92%.Despite experiencing41 .94 %dropinits trade volumes,Azuki managedto secure second placewitha turnoverof$9 .3million.BRC-20N FTsaw30 %.68 %decreaseinits trade volumesto landatthirdplacewitha turnoverof$6 . 5million.Notable trades forthisweekinclude: Azuki #3535 sold for $427000 (125 ETH)CryptoPunks #6797 sold for $159792 (49 ETH)CryptoPunks #3017 sold for $156815 (47 ETH)CryptoPunks #704 sold for $156488 (46 ETH)CryptoPunks #5792 sold for $155949(45.9849ETH)
- 01:54A dormant address containing 357 BTC was activated after 11.0 years, equivalent to about 34 million US dollarsAccording to the on-chain data tracking service Whale Alert, a dormant address containing 357 BTC ($34,070,177) has just been activated after 11.0 years.
- 01:53Sophon has completed the mining migration and opened mainnet miningOn December 29th, the modular blockchain Sophon, based on ZKsync, announced the completion of its mining migration and the start of its second phase. Mainnet mining is now open. Previously, Sophon announced a timeline for mining migration: at 7:59 on December 27th, the L1 mining withdrawal window would be closed; all remaining assets would automatically cross-chain to the Sophon mainnet on December 27th, marking the end of SP point accumulation in phase one; mainnet mining would be opened on December 28th.
